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Hilton Hotels, 1951 Annual Report
Image 21
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 21. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 16, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1487.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1951). Hilton Hotels, 1951 Annual Report - Image 21. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1487

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1951 Annual Report - Image 21, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 16, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1487.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hilton Hotels, 1951 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1951
Description Hilton Hotels Annual Report for calendar year 1951.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_021.jpg
Transcript HILTON HOTELS CORPORATION AND SUBSIDIARIES COMPARATIVE STATEMENT OF CONSOLIDATED INCOME Year Ended Dec. 31, 1951 Dec. 31, 1950 $28,248,855.28 33,822,502.70 7,088,475.60 Yl 270,166.36 $71,756,133.58 $39 6 1 2 3 2 2 1 3 GROSS OPERATING REVENUE Rooms Department $31,350,484.24 Food and Beverage Departments 38,215,048.41 Other Operated Departments 7,869,696.39 Other Income 1,422,104.55 • Store Rentals 1,316,046.87 $80,173,380.46 OPERATING COSTS AND EXPENSES Departmental Costs and Expenses $44,051,999.65 Administrative and General Expenses 7,276,939.88 Advertising and Business Promotion 1,578,280.22 Heat, Light and Power 2,454,960.37 Maintenance and Repairs 4,328,085.74 Lease Rentals 2,706,455.55V/ Real Estate and Personal Property Taxes 2,574,738.41 *y Interest 1,236,834.09 T* Depreciation and Amortization 3,434,696.65 ^(y Corporate Expenses and Sundry Capital Charges 625,976.94 v $70,268,967.50 NET OPERATING PROFIT $ 9,904,412.96 ADDITIONS TO OR DEDUCTIONS* FROM INCOME Interest on Investment Securities $ 48,834.63 Interest on Income Tax Assessments and Refunds 305,945.24* Loss* on Sale of Capital Assets 1,339,39* Reimbursement by Lessor Under Lease Agreement 53,113.41 Contribution to Pension Trust 400,000.00* Sundry—Other (Net) 19,759.21* $ 625,095.80* PROFIT BEFORE INCOME TAXES $ 9,279,317.16 PROVISION FOR INCOME TAXES Federal Normal and Surtax $ 4,770,240.67 Federal Excess—Profits Tax 270,745.60 State, City and District Taxes 63,236.56 $ 5,104,222.83 net profit $ 4,175,094.33 minority interest 339,206.92 net profit for the year $ 3,835,887.41 special items Property and Income Tax Refunds for Prior Years $ 91,792.46 Over-Estimate of Federal Taxes on Income for 1950 22,218.18 Sundry—Other (Net) 5,650.90 $ 119,661.54 NET PROFIT AND SPECIAL ITEMS $ 3,955,548.95 017,530.41 ,236,808.48 ,289,375.04 ,157,642.86 456,026.33 ,388,942.52 ,328,134.36 ,147,080.16 ,082,457.71 658,751.34 $61,762,749.21 $ 9,993,384.37 39,626.99 33,473.70 795.96* 26,269.78 $ 98,574.51 $10,091,958.88 $ 4,267,998.86 372,050.20 48,387.69 $ 4,688,436.75 $ 5,403,522.13 605,554.03 $ 4,797,968.10 $ 57,364.78 $ 57,364.78 $ 4,855,332.88 *Denotes Red Figures. Notes to Financial Statements form an integral part of this statement and should be considered in connection therewith. €D